Roku, Inc. $ROKU Shares Sold by Aviance Capital Partners LLC

Aviance Capital Partners LLC reduced its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 15.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,066 shares of the company’s stock after selling 760 shares during the period. Aviance Capital Partners LLC’s holdings in Roku were worth $357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC acquired a new position in Roku during the 1st quarter valued at about $30,000. Banque Transatlantique SA acquired a new position in Roku during the 1st quarter valued at about $28,000. JFS Wealth Advisors LLC increased its position in Roku by 327.1% during the 2nd quarter. JFS Wealth Advisors LLC now owns 457 shares of the company’s stock valued at $40,000 after buying an additional 350 shares in the last quarter. Bogart Wealth LLC increased its position in Roku by 234.1% during the 2nd quarter. Bogart Wealth LLC now owns 461 shares of the company’s stock valued at $41,000 after buying an additional 323 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in Roku during the 1st quarter valued at about $44,000. 86.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ROKU. Morgan Stanley reaffirmed an “underweight” rating on shares of Roku in a research report on Friday. Rosenblatt Securities boosted their price target on Roku from $101.00 to $106.00 and gave the company a “neutral” rating in a research note on Friday. Raymond James Financial reiterated a “market perform” rating on shares of Roku in a research note on Friday. Wedbush reiterated an “outperform” rating and set a $110.00 price target on shares of Roku in a research note on Monday, October 27th. Finally, Benchmark reiterated a “buy” rating on shares of Roku in a research note on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $106.36.

Roku Stock Up 6.1%

Shares of ROKU opened at $106.13 on Friday. Roku, Inc. has a 52 week low of $52.43 and a 52 week high of $116.66. The company has a market capitalization of $15.64 billion, a price-to-earnings ratio of -530.62, a PEG ratio of 9.93 and a beta of 2.13. The stock’s 50-day moving average price is $98.02 and its 200-day moving average price is $85.49.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, October 30th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.09. Roku had a negative return on equity of 1.09% and a negative net margin of 0.61%.The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the business earned ($0.06) earnings per share. The company’s revenue was up 14.0% compared to the same quarter last year. Roku has set its Q4 2025 guidance at EPS. As a group, equities analysts anticipate that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Insider Transactions at Roku

In other news, CFO Dan Jedda sold 3,000 shares of the company’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $95.82, for a total value of $287,460.00. Following the sale, the chief financial officer owned 80,420 shares in the company, valued at $7,705,844.40. This represents a 3.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Anthony J. Wood sold 18,700 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $100.00, for a total value of $1,870,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 353,331 shares of company stock worth $35,140,823 over the last quarter. 13.98% of the stock is currently owned by insiders.

Roku Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.